How might the purchase decisions of consumers impact a market economy?

If a consumer buys some products, but not other products, that determines what should be produced in the market.

The purchase decisions of a consumer impacts the market economy because if a consumer buys some products, but not other products, that determines what should be produced in the market.

Explanation:

The reason why this would be your answer is because consumers are the one that helps the market determine what they should produce or not. For example, if a lot of people buys a certain toy, but not another toy, the marketers would keep producing the toy that the consumers buy more and discontinue production on the other. The reason why they do this is because they want to save money, you wouldn't want to waste money producing something that no one will ever buy. This helps the market by saving more time and money and lets the know the products that they have to be focusing on because of the amount of people that get the product. The decision of a consumer helps out a lot of businesses, and the decisions they make are beneficial to production.

-Julie

in his book, the riddle of the rosetta stone, james giblin talks about how there was a young british polymath and physician named thomas young who made a lot of advances on the deciphering of the rosetta stone. he says that even though young made a lot of mistakes because he was working under false assumptions, he also made huge contributions like deciphering three out of the seven symbols (more than anyone else before him). young published his findings and continued his good work but he wasn't able to progress much further due to some unfavorable situations, he still laid the basis for many other scholars and of course for the man who has been generally known to have deciphered it, jean-françois champollion